#Egypt mobile payments market forecast
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The Booming Mobile Payments Market in Egypt: Trends, Opportunities, and Challenges
The Egypt mobile payments market is projected to be valued at USD 72.74 billion in 2024, with expectations to grow to USD 157.86 billion by 2029. This reflects a compound annual growth rate (CAGR) of 16.76% over the forecast period from 2024 to 2029.
Overview of Egypt's Mobile Payments Market
Egypt, with its population of over 100 million, represents one of the largest markets in the Middle East and North Africa (MENA) region. However, for many years, cash has been the dominant method of payment, with a large portion of the population remaining unbanked. This landscape is now rapidly changing due to a combination of technological innovation, regulatory reform, and a rising demand for digital services.
The rise of mobile payments in Egypt has been fueled by several key factors:
High Mobile Phone Penetration: Egypt has seen significant growth in mobile phone usage, with over 90% of the population owning a mobile device. A large share of these devices are smartphones, allowing users to access digital financial services through apps and platforms.
Government Initiatives: The Egyptian government is actively promoting digital financial inclusion as part of its Vision 2030 plan. Through initiatives such as the Central Bank of Egypt’s (CBE) financial inclusion strategy, the government is working to increase access to formal financial services, particularly among the unbanked population.
Fintech Innovation: Egypt’s fintech ecosystem has grown rapidly, with startups and established financial institutions collaborating to offer mobile payment solutions. Companies like Fawry, Vodafone Cash, and others are at the forefront of providing digital wallets, peer-to-peer transfers, and bill payment services, contributing to the expansion of mobile payments.
COVID-19 Acceleration: The pandemic accelerated the adoption of mobile payments as more people shifted to digital transactions to avoid physical contact. This change in consumer behavior has had a lasting impact on the market, with more businesses and consumers embracing mobile payment solutions.
Key Players in Egypt's Mobile Payments Industry
Several players dominate the mobile payments space in Egypt, ranging from telecom operators to fintech companies. Some of the key players include:
Fawry: One of the largest electronic payment networks in Egypt, Fawry offers a variety of digital financial services, including mobile wallet top-ups, bill payments, and merchant payments.
Vodafone Cash: As one of Egypt’s largest mobile network operators, Vodafone Cash has a significant presence in the mobile payments space, providing services such as money transfers, bill payments, and online purchases via mobile phones.
Orange Money and Etisalat Cash: Similar to Vodafone Cash, these telecom operators have also launched their own mobile wallet services, facilitating digital transactions for their customers.
CIB Smart Wallet: Offered by the Commercial International Bank (CIB), this mobile wallet service provides digital payments and money transfers, appealing to both banked and unbanked users.
Emerging Trends in Egypt's Mobile Payments Market
Rising Adoption of Digital Wallets: Digital wallets are becoming increasingly popular as they offer a secure and convenient way for users to store money, make payments, and transfer funds. The Central Bank of Egypt has issued guidelines to regulate and promote mobile wallets, encouraging their use among the unbanked population.
Expansion of Merchant Payment Solutions: Many businesses, from small vendors to large retailers, are now accepting mobile payments. This trend is supported by efforts from the CBE and other regulatory bodies to promote the use of electronic payments over cash.
Interoperability and Partnerships: As the mobile payments ecosystem grows, interoperability between different payment platforms is becoming critical. This will allow users to transfer money and make payments seamlessly across various networks and platforms, driving further adoption.
Rise of QR Code Payments: QR code-based payments are gaining traction in Egypt, allowing users to pay for goods and services by scanning a code with their smartphones. This method is particularly appealing to small businesses due to its low-cost infrastructure.
Opportunities for Growth
Financial Inclusion: Egypt’s large unbanked population presents a significant growth opportunity for the mobile payments industry. By leveraging mobile phones, fintech companies and financial institutions can provide financial services to people who do not have access to traditional banking systems.
Regulatory Support: The Central Bank of Egypt is actively working to create a regulatory environment that fosters innovation while ensuring consumer protection. Regulatory developments, such as the introduction of eKYC (electronic Know Your Customer) systems, make it easier for users to open mobile wallets and access digital financial services.
Collaboration with Banks: Banks are increasingly partnering with fintech companies to offer mobile payment solutions. These collaborations provide banks with access to a wider customer base while allowing fintech companies to benefit from the trust and security associated with established financial institutions.
Digital Transformation of Businesses: As more businesses in Egypt undergo digital transformation, there is a growing demand for payment solutions that integrate seamlessly with e-commerce platforms, mobile apps, and other digital services. This creates opportunities for mobile payment providers to offer innovative products that meet the needs of both businesses and consumers.
Challenges Facing Egypt's Mobile Payments Market
Limited Financial Literacy: Despite the growing adoption of mobile payments, many Egyptians still lack the financial literacy needed to fully understand and utilize digital financial services. Education and awareness campaigns are essential to address this gap.
Cybersecurity Concerns: As digital transactions increase, so do concerns about cybersecurity and fraud. Mobile payment providers must invest in advanced security measures to protect users’ data and build trust in the system.
Infrastructure Gaps: While urban areas in Egypt are well-served by mobile networks and internet access, rural areas still face connectivity issues. Expanding network coverage and improving digital infrastructure in these regions is crucial for the widespread adoption of mobile payments.
Competition from Cash: Despite the growing use of digital payments, cash remains deeply ingrained in Egypt’s economy, particularly in informal sectors. Encouraging the transition from cash to digital payments will require sustained efforts from both the public and private sectors.
Conclusion
The mobile payments industry in Egypt is at an exciting juncture, with significant growth potential fueled by a combination of government initiatives, fintech innovation, and changing consumer behavior. While challenges such as financial literacy, cybersecurity, and infrastructure gaps remain, the market offers tremendous opportunities for players who can address these issues and capitalize on the growing demand for digital financial services.
With continued collaboration between regulators, financial institutions, and fintech companies, Egypt’s mobile payments market is set to play a key role in shaping the country’s digital economy and advancing financial inclusion.
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Contactless Payment Market Size, Share, Trends, Growth Opportunities, Key Drivers and Competitive Outlook
"Contactless Payment Market – Industry Trends and Forecast to 2028
Global Contactless Payment Market, By Technology (Radio Frequency Identification, Near Field Communication, Host Card Emulation), Payment Mode (Smartphones, Smartcards, Others), Component (Hardware, Services, Solutions), Operational Frequency (Low Frequency, High Frequency, Ultra High Frequency), Transaction Models (Speedpass, E-Z Pass, Track 1 and Track 2 Data, EMV Card, Offline Stored Value Card), Vertical (Banking, Financial Services and Insurance (BFSI), Retail, Healthcare, Hospitality, Energy and Utilities, Transportation and Logistics, Other Verticals), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
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The global contactless payment market is experiencing rapid growth due to the increasing adoption of digital payment solutions, rising demand for secure and convenient payment methods, and the ongoing shift towards cashless transactions. The market is driven by factors such as technological advancements, growing awareness about contactless payments, and the need for faster and more efficient payment options. Contactless payment systems use near-field communication (NFC) technology to enable transactions without physical contact between the payment device and the terminal, providing a convenient and secure way to make payments.
**Segments**
- By Technology: NFC, Radio Frequency Identification (RFID) - By Payment Mode: Contactless Card (Credit/Debit), Contactless Mobile Payment - By End-User: Retail, Hospitality, Transportation, Healthcare, Others
The contactless payment market is segmented based on technology, payment mode, and end-user. The technology segment includes NFC and RFID technologies, which are key enablers of contactless payment solutions. NFC technology has gained significant traction in the market due to its widespread adoption in smartphones and other devices. The payment mode segment consists of contactless cards (credit/debit) and mobile payment solutions, which offer users the flexibility to make quick and secure transactions. Moreover, the end-user segment covers various industries such as retail, hospitality, transportation, healthcare, and others that are increasingly adopting contactless payment solutions to enhance customer experience and streamline payment processes.
**Market Players**
- Visa Inc. - Mastercard Incorporated - American Express Company - PayPal Holdings, Inc. - Apple Inc. - Samsung Electronics Co., Ltd. - Google LLC - Square, Inc. - Alibaba Group Holding Limited - Tencent Holdings Limited
Key players in the global contactless payment market include Visa Inc., Mastercard Incorporated, American Express Company, PayPal Holdings, Inc., Apple Inc., Samsung Electronics Co., Ltd., Google LLC, Square, Inc., Alibaba Group Holding Limited, and Tencent Holdings Limited. These companies are at the forefront of driving innovation inThe global contactless payment market is currently witnessing robust growth driven by the increasing adoption of digital payment solutions worldwide. The market is propelled by various factors such as the rapid advancement in technology, the heightened demand for secure and convenient payment methods, and the ongoing transition towards cashless transactions. Contactless payment systems that utilize near-field communication (NFC) technology have become increasingly popular as they offer a seamless and secure way for consumers to make transactions without the need for physical contact with the payment terminal. Additionally, the growing awareness about the benefits of contactless payments, such as speed and efficiency, has further fueled the market's expansion.
In terms of segmentation, the contactless payment market is categorized based on technology, payment mode, and end-user industries. The technology segment includes NFC and Radio Frequency Identification (RFID) technologies, with NFC being the predominant technology due to its widespread integration in smartphones and other devices. The payment mode segment is divided into contactless cards (credit/debit) and mobile payment solutions, which cater to the diverse needs of consumers looking for fast and secure transaction options. Furthermore, the end-user segment encompasses key industries such as retail, hospitality, transportation, healthcare, and others, all of which are increasingly embracing contactless payment solutions to improve operational efficiency and enhance customer satisfaction.
Key players in the global contactless payment market play a pivotal role in driving innovation and shaping the industry landscape. Companies like Visa Inc., Mastercard Incorporated, American Express Company, PayPal Holdings, Inc., Apple Inc., Samsung Electronics Co., Ltd., Google LLC, Square, Inc., Alibaba Group Holding Limited, and Tencent Holdings Limited are at the forefront of advancing contactless payment technologies and expanding their market presence. These industry leaders leverage their expertise in financial services, technology, and digital platforms to offer cutting-edge solutions that cater to the evolving needs of consumers and businesses alike.
Visa Inc. and Mastercard Incorporated, being among the most prominent players in the market, have established a strong global presence and are continuously introducing**Global Contactless Payment Market, By Technology (Radio Frequency Identification, Near Field Communication, Host Card Emulation), Payment Mode (Smartphones, Smartcards, Others), Component (Hardware, Services, Solutions), Operational Frequency (Low Frequency, High Frequency, Ultra High Frequency), Transaction Models (Speedpass, E-Z Pass, Track 1 and Track 2 Data, EMV Card, Offline Stored Value Card), Vertical (Banking, Financial Services and Insurance (BFSI), Retail, Healthcare, Hospitality, Energy and Utilities, Transportation and Logistics, Other Verticals), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028**
The global contactless payment market is experiencing significant growth propelled by the advancements in technology, increasing demand for secure and convenient payment methods, and the shift towards cashless transactions globally. Contactless payment systems, particularly those utilizing NFC technology, have gained popularity for their seamless and secure transaction capabilities without physical contact between devices. With the prominent players such as Visa Inc., Mastercard Incorporated, American Express Company, PayPal Holdings, Inc., Apple Inc
Countries Studied:
North America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Key Coverage in the Contactless Payment Market Report:
Detailed analysis of Contactless Payment Market by a thorough assessment of the technology, product type, application, and other key segments of the report
Qualitative and quantitative analysis of the market along with CAGR calculation for the forecast period
Investigative study of the market dynamics including drivers, opportunities, restraints, and limitations that can influence the market growth
Comprehensive analysis of the regions of the Contactless Payment industry and their futuristic growth outlook
Competitive landscape benchmarking with key coverage of company profiles, product portfolio, and business expansion strategies
TABLE OF CONTENTS
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers and Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
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Smart Ticketing Market: Regional Insights and Analysis
Introduction to Smart Ticketing Market
The Smart Ticketing Market is rapidly evolving as a key component of the digital transformation in the transportation sector. Leveraging technologies like NFC, RFID, and mobile applications, smart ticketing systems offer a seamless, efficient, and contactless solution for fare collection and access management across public transport, entertainment, and events. This market is driven by the growing demand for cashless transactions, enhanced user experience, and the need to reduce operational costs. Key players are focusing on integrating AI and IoT to offer more personalized and secure services, catering to the increasing expectations for convenience and real-time data access. The market's growth is further propelled by the rise of smart city initiatives and the emphasis on sustainability.
Market overview
The Smart Ticketing Market is Valued USD 19.9 billion in 2024 and projected to reach USD 47.3 billion by 2032, growing at a CAGR of 9.78% During the Forecast period of 2024-2032.. The Smart Ticketing Market is experiencing significant growth, driven by the increasing adoption of digital and contactless solutions in transportation, entertainment, and event management. Smart ticketing systems use advanced technologies such as Near Field Communication (NFC), Radio Frequency Identification (RFID), QR codes, and mobile apps to streamline the process of ticket purchasing, validation, and access control, providing a seamless and convenient experience for users.
Access Full Report : https://www.marketdigits.com/checkout/59?lic=s
Major Classifications are as follows:
By Type
Hardware
Software
Services
Implementation
Support and Maintenance
Consulting
By Application
Parking
Transportation
Railways
Airways
Roadways
Sports and Entertainment
Key Region/Countries are Classified as Follows:
◘ North America (United States, Canada,) ◘ Latin America (Brazil, Mexico, Argentina,) ◘ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) ◘ Europe (UK,Germany,France,Italy,Spain,Russia,) ◘ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South
Major players in Smart Ticketing Market:
Cammax (England), ACT (England), Cubic (US), Hitachi Rail (Italy), Giesecke+Devrient (Germany), Flowbird Group (France), Atsuke (France), IDEMIA (France), Corethree (England), HID Global (US), Masabi (England), Confidex (Finland), PayiQ (Finland), Infineon Technologies (Germany), LIT Transit (Slovenia), Conduent (US), NXP Semiconductors (Netherland), Indra (Spain), INIT (Germany), SecuTix (Switzerland), Scheidt & Bachmann (Germany), Siemens (Germany), Ticketer (England), Thales (France), Xerox (US) & others.
Market Drivers in the Smart Ticketing Market:
Rising Demand for Contactless and Cashless Solutions: The increasing preference for contactless payments and digital transactions, accelerated by the COVID-19 pandemic, has significantly boosted the adoption of smart ticketing systems. Users value the convenience, speed, and safety of cashless solutions, which have become essential in modern public and private transit systems.
Growing Urbanization and Smart City Initiatives: With rapid urbanization and the rise of smart cities, there is a heightened focus on improving urban mobility. Governments and city planners are investing in smart ticketing systems as part of broader efforts to enhance public transportation networks, reduce congestion, and provide efficient, interconnected transit solutions.
Technological Advancements: Innovations in NFC, RFID, QR codes, and mobile applications are making smart ticketing solutions more accessible and efficient. The integration of AI and IoT technologies allows for real-time updates, personalized services, and predictive analytics, which enhance the overall user experience and operational efficiency. Market Challenges in the Smart Ticketing Market:
High Initial Implementation Costs: Deploying smart ticketing systems requires significant upfront investment in technology, infrastructure, and integration with existing systems. This can be a major barrier for smaller operators and public transport authorities, particularly in developing regions where budget constraints are a concern.
Interoperability Issues: One of the key challenges in the smart ticketing market is achieving interoperability across different transport modes, operators, and geographic regions. Lack of standardized protocols and systems can lead to fragmented user experiences and limit the scalability of smart ticketing solutions.
Data Privacy and Security Concerns: Smart ticketing systems collect and store vast amounts of personal and financial data, making them attractive targets for cyberattacks. Ensuring robust security measures to protect user data and maintain compliance with data protection regulations is a critical challenge for service providers.Market Opportunities in the Smart Ticketing Market:
Expansion in Emerging Markets: There is significant growth potential in emerging economies, where urbanization is rapidly increasing and investments in public transport infrastructure are rising. Governments and private players can tap into these markets by offering affordable and scalable smart ticketing solutions that cater to the needs of expanding urban populations.
Integration with Smart City Initiatives: As cities worldwide move towards becoming 'smart cities,' there is a growing opportunity to integrate smart ticketing systems into broader urban mobility solutions. This includes linking ticketing with other smart city services such as parking, bike-sharing, and electric vehicle charging stations, providing a unified and seamless user experience.
Adoption of Blockchain for Enhanced Security: Utilizing blockchain technology can address security concerns by providing a tamper-proof system for transactions and data management. This not only enhances trust among users but also offers new opportunities for innovation in secure, transparent, and efficient ticketing solutions.Future Trends in the Smart Ticketing Market:
AI and Machine Learning Integration: Artificial Intelligence (AI) and Machine Learning (ML) are set to revolutionize smart ticketing by enabling predictive analytics, personalized offers, and dynamic pricing models. These technologies can analyze user behavior and preferences to offer tailored travel suggestions, optimize routes, and improve overall customer satisfaction.
Increased Use of Biometric Ticketing: Biometric authentication methods, such as facial recognition, fingerprint scanning, and voice recognition, are gaining traction as secure and efficient alternatives to traditional ticketing. This trend is expected to enhance the speed and convenience of ticket validation, particularly in high-traffic environments like airports and major transit hubs.
Expansion of Mobile and Digital Wallets: The shift towards mobile-based ticketing solutions and digital wallets is expected to continue, driven by the widespread adoption of smartphones and mobile payment technologies. This trend supports the growth of cashless and contactless transactions, offering greater convenience and accessibility for users.
Conclusion:
The Smart Ticketing Market is poised for substantial growth, driven by the increasing demand for contactless, efficient, and user-friendly solutions across various sectors, including public transportation, entertainment, and tourism. While the market presents several challenges, such as high implementation costs, interoperability issues, and data security concerns, the opportunities far outweigh the hurdles. Emerging trends like AI integration, biometric authentication, and the rise of mobile ticketing are set to redefine the future landscape of smart ticketing, enhancing both operational efficiency and customer experience. As cities evolve into smart ecosystems, the integration of smart ticketing with broader urban mobility solutions will play a crucial role in shaping the future of public transport and beyond. Stakeholders who capitalize on these trends and address the existing challenges will be well-positioned to lead in this dynamic and rapidly evolving market.
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Starting a Jewellery Business Online: The Third Part
In two of the previous communiqués, retail and eCommerce consulting enterprise, Your Retail Coach (YRC) shared insights on five critical visions and four vital areas of planning in starting an online jewellery store with an emphasis on the MENA region including countries like the UAE, Saudi Arabia, Oman, Egypt, Qatar, Kuwait, and Bahrain. In this media release, YRC highlights four additional areas of planning on the same subject.
Inventory Management
Inventory management holds a place of prominence in the jewellery business. No online jewellery business can afford to have fault lines in its inventory management.
For starters, demand forecasting must be of superior quality. This helps prevent situations of overstocking and understocking. Secondly, data collection and maintenance of records must be impeccable to avoid any inventory shrinkage. This also calls for periodical inventory audits for the reconciliation of book records with actual inventory. The use of barcode scanners and inventory management software for jewellery businesses is extremely necessary for accuracy and timeliness in creating, maintaining, and sharing inventory data.
High-quality inventory management demands having the right strategies, vigilant selection and onboarding of suppliers and vendors, defined business processes and workflows, choosing the best-fit IT solutions, use of analytics, and reliable procurement planning.
Technology
No matter how ordinary it may sound, eCommerce drives on technology. Technology is the route via which buying and selling takes place in eCommerce or an online business.
Different modes of eCommerce platforms and services provide the basic infrastructure to create online storefronts, list and manage product offerings, offer account and order management for customers, process payments, execute returns and exchanges, etc.
CMS tools enable information management on eCommerce sites and mobile applications of businesses.
Tools like chatbots and virtual assistants significantly bring down operational costs while lending speed and accuracy to helping customers with their queries and complaints.
In warehouses and fulfilment centres, robotic and industrial automation gives efficacy to inventory management, quality control, order fulfilment operations, logistics, and more.
Online jewellery brands and businesses need to be cognizant of the tools and technologies that are used in their line of business.
Omnichannel Strategy for Online Jewellery Business
Customers or potential customers interact with eCommerce brands at multiple junctures. These online and offline touchpoints are spread all over in a customer journey. For an online jewellery brand, these touchpoints are advertisements, online storefronts, customer care, account management, payment, home delivery, returns and exchanges, etc. It is crucial to provide an unswerving and seamless omnichannel shopping experience to customers - the efforts of which are strongly reflected in these touchpoints. For example, if a quality certificate has been promised and not delivered, it creates a deviation in omnichannel performance. This counts as a failure in omnichannel because something that was promised in online channels was not missing in the offline channel i.e. at the time of delivery.
Digital Marketing
One of the foremost advantages of digital marketing for online jewellery businesses is that it enables reaching out to a wider audience in a matter of minutes. It allows targeting markets from a wide geography. Secondly, brand communications can be curated to the specific requirements of demographics and interests. Given its potential, digital marketing is also more efficient in terms of costs as compared to traditional methods like print media. The best part is the ability to track campaigns and make the necessary adjustments and keep the ROI under check.
Social media platforms have provided both online and offline brands and businesses a window of opportunity to connect with their customers in multifarious ways. Customer support serves as a prime example here. Today, having a strong presence on social media is regarded as a manifestation of a responsible and committed brand. Winning on social media means huge in a competitive stance. Given the intensity of competition in the eCommerce jewellery space in cities like Dubai, Abu Dhabi, Riyadh, Muscat, Doha, Kuwait City, and Cairo, it is advisable to diligently do the homework on social media marketing before even making a noise.
About Your Retail Coach:
Your Retail Coach (YRC) is a boutique retail and eCommerce consulting house with 10+ years in business delivering enterprise startup and management solutions. With a scaling international presence, including in the Middle East, YRC has served over 500 clients across 25+ verticals. In online jewellery business consulting, YRC offers planning and implementation services and solutions for business setup and growth and expansion missions.
Get advise for E-commerce retail business : https://www.yourretailcoach.ae/contact-us/
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https://www.advancemarketanalytics.com/reports/114994-global-digital-wallets-market
Unlock Digital Wallet Market Study by Key Business Segments
Advance Market Analytics released a new market study on Global Digital Wallets Market Research report which presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study provides estimates for Global Digital Wallets Forecast till 2029*.
Digital Wallets are referred as electronic based payment or internet that stores both financial value as well as personal identity related information in a computer or mobile. Digital Wallets market has high growth prospects due to demand of security by encrypting personal information for the real transactions. The major companies are adding more proven store-based retailing in Asia-Pacific countries as these countries are focused on fastest-growing verticals for the digital payment application.
Key Players included in the Research Coverage of Digital Wallets Market are:
Alibaba Group Holdings Ltd. (China), Apple Inc. (United States), Citrus Payment Solutions (India), Google, Inc. (United States), Oxigen Services India Pvt. Ltd. (India), Paypal Holdings Ltd. (United States), Samsung Electronics Inc. (South Korea), Visa (United States), ,
What's Trending in Market: Collaboration and Tie Up Of Leading Players
Challenges: Stiff Competition between Major Players
Opportunities: Growing Government Focus on Promoting Cashless Economy. Increasing Demand at Developing Countries.
Market Growth Drivers: Consumer Preference towards Digitalization and Urbanization. Rising Demand of Electronic Transactions and Purchasing Items by Computers.
The Global Digital Wallets Market segments and Market Data Break Down by Type (Open, Closed, Semi-Closed), Application (Retail, Healthcare, IT, Education, Others), Mode (Online, Mobile Wallets)
Get inside Scoop of the report, request for free sample @: https://www.advancemarketanalytics.com/sample-report/114994-global-digital-wallets-market
To comprehend Global Digital Wallets market dynamics in the world mainly, the worldwide Digital Wallets market is analyzed across major global regions. AMA also provides customized specific regional and country-level reports for the following areas.
• North America: United States, Canada, and Mexico.
• South & Central America: Argentina, Chile, Colombia and Brazil.
• Middle East & Africa: Saudi Arabia, United Arab Emirates, Israel, Turkey, Egypt and South Africa.
• Europe: United Kingdom, France, Italy, Germany, Spain, Belgium, Netherlands and Russia.
• Asia-Pacific: India, China, Japan, South Korea, Indonesia, Malaysia, Singapore, and Australia.
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E-commerce in Africa: Call for More Players!
Overview of E-commerce in Africa
Africa, with its youthful and second-largest population globally, is witnessing a surge in its e-commerce sector. The proliferation of smartphones and mobile devices has fueled increased internet penetration, leading to the rise of mobile e-commerce. Notable platforms like Kenya’s Wasoko, Nigeria’s Jumia, and South Africa’s Takealot, among others, are expanding digital payment options, redefining traditional supply chains, and innovating business models.
Market Projections and Potential
The e-commerce market in Africa is poised for substantial growth, with an estimated online retail revenue of $49.02 billion in 2023. Forecasts indicate a user base of 609.3 million by 2027. Despite credit card rarity, alternative payment methods like cash-on-delivery and mobile money are gaining traction, contributing to steady growth. The Pan African Payment Settlement System (PAPSS) emerges as a solution, potentially challenging global giants and fostering economic growth, job opportunities, and improved access to goods and services.
Major Players Shaping the E-commerce in Africa
Diverse Platforms and Competitive Dynamics
Kenya’s Twiga Foods, Egypt’s MaxAB, and Zimbabwe’s Fresh in a Box exemplify the diversity within Africa’s e-commerce landscape. Jumia’s inclusion on the New York Stock Exchange and AliExpress incorporating Kenya’s MPesa highlight the competitive nature of the market. With over 30 million monthly mobile subscriptions in Kenya utilizing MPesa, there’s a significant user base, intensifying competition.
Tech Investment Opportunities
Africa’s status as the second-highest growing regional economy, coupled with the rapid increase in online business adoption driven by the COVID-19 pandemic, positions the continent as a prime location for tech companies. Technological advancements, particularly in artificial intelligence (AI), play a pivotal role, enhancing operational efficiency and contributing to a personalized shopping experience.
Empowering African SMEs to Adopt Ecommerce
Revolutionizing SMEs with MSL
MyShopLauncher (MSL) stands out as a revolutionary e-commerce platform designed to empower small and medium-sized enterprises (SMEs) in Africa. Offering a no-code e-commerce storefront free of charge, MSL’s unique selling propositions include customer-centricity, educational support, and fostering genuine connections. MSL’s vision goes beyond transactions, creating a community that cares deeply about the success of SMEs’ e-commerce in Africa.
Nigerian Government Initiatives and Support
The Nigerian government actively supports SME adoption of e-commerce through initiatives like the National Digital Economy Policy & Strategy (NDEPS) and the National Broadband Plan (NBP). These plans promote infrastructure development, digital literacy, and entrepreneurship, aiming for 70% broadband penetration by 2025. Government initiatives also include startup hubs, e-government services, and the National Identification Number (NIN) project for improved access to services. While challenges like rural connectivity and workforce skills remain, Nigeria’s commitment to digitalization puts it on a path to unlock e-commerce’s potential for its SMEs.
Nigeria’s E-commerce Landscape: Market Size and Growth
Current Market Size and Projections
In Nigeria, the e-commerce market is estimated at $8.53 billion in 2024, with projections reaching $14.92 billion by 2029. Key growth drivers include increasing internet penetration, growing smartphone usage, and a rising middle class with disposable income.
Call for More Players
Experts like Opawole highlight the need for more players in Nigeria’s e-commerce space. Despite significant sales during events like Black Friday, challenges such as server downtimes and product shortages underscore the market’s potential to accommodate more players, particularly those addressing local needs.
Tech Essentials for Foreign Ecommerce to Enter Africa
Intricately stepping into the realm of e-commerce in Africa demands foreign players to strategically embrace the continent’s unique technological landscape. A paramount focus lies in cloud technology, serving as the bedrock for success. Scalable, reliable cloud infrastructure is crucial for establishing a robust presence. It enables seamless scalability, efficient data management, and enhanced website performance to cater to the rising tide of online shoppers. Moreover, optimizing for mobile experiences is imperative, given the prevalence of smartphones in the region. Leveraging cloud-based technologies for data analytics and machine learning ensures operational efficiency and adaptability, positioning foreign e-commerce platforms to navigate logistical challenges and seize the burgeoning opportunities in Africa’s dynamic market.
☁️ DEPLOY INSTANCE IN LAGOS
Seizing Opportunities on E-commerce in Africa
The African e-commerce landscape, marked by innovation, competition, and government initiatives, presents vast opportunities for businesses. Despite challenges such as limited access to payment platforms, the continent’s potential as a tech investment hub and the growth of SME-focused platforms like MSL underscore a positive outlook. As the industry evolves, a focus on local needs, technological advancements, and SME empowerment will play pivotal roles in shaping the future of e-commerce in Africa.
Source:
https://nairametrics.com/2024/01/26/nigeria-needs-more-e-commerce-platforms-to-drive-digital-economy-expert/
https://techpoint.africa/2024/01/26/myshoplauncher-msl-launches-to-empower-african-smes-with-revolutionary-e-commerce-platform-unparalleled-support/
https://www.africa.com/the-african-e-commerce-boom-trends-challenges-and-future-prospects/
https://eucyberdirect.eu/atlas/sources/national-digital-economy-policy-and-strategy-2020-2030
https://techeconomy.ng/lagos-dominates-startupblinks-2023-report-africa-leading-startup-hubs/
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Electronic Funds Transfer Point of Sale (EFTPOS) Terminals Market Analysis, Dynamics, Players, Type, Applications, Trends, Regional Segmented, Outlook & Forecast till 2033
The global market for Electronic Funds Transfer Point of Sale (EFTPOS) Terminals estimated at USD 54.14 Million in the year 2023, is projected to reach a revised size of USD 115.81 Million by 2033, growing at a CAGR of 7.9% over the analysis period 2024-2033.
The competitive analysis of the Electronic Funds Transfer Point of Sale (EFTPOS) Terminals Market offers a comprehensive examination of key market players. It encompasses detailed company profiles, insights into revenue distribution, innovations within their product portfolios, regional market presence, strategic development plans, pricing strategies, identified target markets, and immediate future initiatives of industry leaders. This section serves as a valuable resource for readers to understand the driving forces behind competition and what strategies can set them apart in capturing new target markets.
Market projections and forecasts are underpinned by extensive primary research, further validated through precise secondary research specific to the Electronic Funds Transfer Point of Sale (EFTPOS) Terminals Market. Our research analysts have dedicated substantial time and effort to curate essential industry insights from key industry participants, including Original Equipment Manufacturers (OEMs), top-tier suppliers, distributors, and relevant government entities.
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Market Segmentations:
Global Electronic Funds Transfer Point of Sale (EFTPOS) Terminals Market: By Company • Atos Worldline • Equinox Payments LLC • First Data Corporation • Fujitsu Limited • VeriFone (Formerly Hypercom) • Ingenico • Dejavoo • Exadigm • XAC Automation Corp. • Panasonic • PAX • Smartpay • NCR • Olivetti • VeriFone Systems
Global Electronic Funds Transfer Point of Sale (EFTPOS) Terminals Market: By Type • Counter-Top Terminals • Mobile Terminals • Inbuilt Terminals Global Electronic Funds Transfer Point of Sale (EFTPOS) Terminals Market: By Application • Retail • Hospitality & Healthcare System • Restaurants • Entertainment • Warehousing • Other
Regional Analysis of Global Electronic Funds Transfer Point of Sale (EFTPOS) Terminals Market
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Electronic Funds Transfer Point of Sale (EFTPOS) Terminals market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Key Report Highlights:
Key Market Participants: The report delves into the major stakeholders in the market, encompassing market players, suppliers of raw materials and equipment, end-users, traders, distributors, and more.
Comprehensive Company Profiles: Detailed company profiles are provided, offering insights into various aspects including production capacity, pricing, revenue, costs, gross margin, sales volume, sales revenue, consumption patterns, growth rates, import-export dynamics, supply chains, future strategic plans, and technological advancements. This comprehensive analysis draws from a dataset spanning 12 years and includes forecasts.
Market Growth Drivers: The report extensively examines the factors contributing to market growth, with a specific focus on elucidating the diverse categories of end-users within the market.
Data Segmentation: The data and information are presented in a structured manner, allowing for easy access by market player, geographical region, product type, application, and more. Furthermore, the report can be tailored to accommodate specific research requirements.
SWOT Analysis: A SWOT analysis of the market is included, offering an insightful evaluation of its Strengths, Weaknesses, Opportunities, and Threats.
Expert Insights: Concluding the report, it features insights and opinions from industry experts, providing valuable perspectives on the market landscape.
Customization of the Report:
This report can be customized to meet the client’s requirements. Please connect with our sales team ([email protected]), who will ensure that you get a report that suits your needs. You can also get in touch with our executives on +1 346 666 6655 to share your research requirements.
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International E-commerce Market to Scale New Heights as Market Players Focus on Innovations 2022 – 2027
Advance Market Analytics released a new market study on Global International E-commerce Market Research report which presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study provides estimates for Global International E-commerce Forecast till 2027*.
The global e-commerce industry is rapidly gaining traction across the world owing to the rising adoption of online sales channels & rising internet penetration across the Southeast Asia region. According to the study, there are more than 400 million internet users in the Southeast Asia region which accounts for around 10% of the world’s total internet users. The growing number of internet users is rapidly increasing across the Southeast Asia region has grown up by 10% in the last one year with internet penetration across the region reaching above 60% in 2019. Most of the growth of internet users is attributed to Indonesia which has the largest population in the Southeast Asia region wherein (Indonesia) the number of internet users has witness growth of 20% over the past two years, equating to an estimate of 29 million new users. International e-commerce has introduced new dynamics to international trade and has been a major development trend of globalization. It is expected that the major three fastest-growing countries globally which include India, Indonesia, and Malaysia during the forecast period, all come from Asia which is the fastest-growing e-commerce region in the world.Key Players included in the Research Coverage of International E-commerce Market are
Shopee (Singapore)
Lazada Group (Singapore)
Bukalapak (Indonesia)
Tokopedia (Indonesia)
Sendo (Vietnam)
Tiki Corporation (Vietnam)
The Gioi Di Dong (Vietnam)
Blibli.com (Indonesia)
Dien May XANH (Vietnam)
FPT Shop (Vietnam) What's Trending in Market: Technology advancement in including cloud computing, big data, the Internet of things, artificial intelligence, machine learning, and blockchain has been adopted by e-commerce platforms
Challenges: Lack of Supply Chain in Underdeveloping Regions
Opportunities: The Slowdown in Offline Retail Shopping Techniques
The Emergence of Smart Mobile, Along with High International Penetration
Growth in Adoption of Online Sales Channel and Online Payments Owing to COVID-19 Pandemic
Market Growth Drivers: Evolving nature of e-commerce and cross-border e-commerce
The increasing sophistication of e-commerce
The Global International E-commerce Market segments and Market Data Break Down by Application (Business to Business (B2B), Business to Consumer (B2C), Consumer to Consumer (C2C), Business to Government (B2G)), End Users (Business, Government, Individual), Product (Fashion, Electronics, Print, Publishing and Media, Beauty and Cosmetics, Toys, Home and Furniture, Food, Sporting Goods, Automotive Parts, DIY Tools and Gardening, Others) To comprehend Global International E-commerce market dynamics in the world mainly, the worldwide International E-commerce market is analyzed across major global regions. AMA also provides customized specific regional and country-level reports for the following areas. • North America: United States, Canada, and Mexico. • South & Central America: Argentina, Chile, Colombia and Brazil. • Middle East & Africa: Saudi Arabia, United Arab Emirates, Israel, Turkey, Egypt and South Africa. • Europe: United Kingdom, France, Italy, Germany, Spain, Belgium, Netherlands and Russia. • Asia-Pacific: India, China, Japan, South Korea, Indonesia, Malaysia, Singapore, and Australia. Presented By
AMA Research & Media LLP
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Online Mobile Recharge Platform Market to Scale New Heights as Market Players Focus on Innovations 2022 – 2027
Global Online Mobile Recharge Platform Market Research report which presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study provides estimates for Global Online Mobile Recharge Platform Forecast till 2027*.
An online mobile recharge is when a mobile subscriber recharges his prepaid account without using a pin or scratch card. For mobile service providers, things have become hypercompetitive in a quickly changing market. Various cell phone recharge methods let the prepaid mobile business reach its full potential. They aid service providers in analysing, shaping, and controlling their prepaid operations. They offer a sophisticated and comprehensive prepaid account management solution to mobile service providers. Across the globe, the retail payments business is seeing tremendous technical improvements. Due to advancements in the telecom business and the growth of online banking or online payment technologies, the retail industry has seen the introduction of updated recharge and billing technology.
Key Players included in the Research Coverage of Online Mobile Recharge Platform Market are:
Amazon Pay (United States)
Alipay (China)
Google Pay (India)
Samsung Pay (South Korea)
PhonePe (India)
Paytm (India)
PayZapp (HDFC Bank) (India)
ICICI Pockets (ICICI Bank) (India)
Etisalat Wallet (United Arab Emirates)
WePay (United States)
What's Trending in Market: Increasing Adoption of Multi-SIM Card Connections
Increasing Proliferation of Smart Communications Technologies
Challenges: High Risk of Cybercrime
Delay in Payments and Non-Credit of Money can hamper the Market Growth
Opportunities: Rise in Mobile Data Service Providers in Developing Economies around the World
Adoption of Government Initiatives in Several Countries that Emphasize on Enabling Digital Payments
Market Growth Drivers: Increased Demand due to Growing Number of Smartphone Users
Growing Adoption of Online Payments across the World
The Global Online Mobile Recharge Platform Market segments and Market Data Break Down by Type (Domestic Recharge, International Recharge), Application (Personal User, Business User), Service (Prepaid Mobile Recharge, Post-paid Mobile Recharge)
To comprehend Global Online Mobile Recharge Platform market dynamics in the world mainly, the worldwide Online Mobile Recharge Platform market is analyzed across major global regions. AMA also provides customized specific regional and country-level reports for the following areas. • North America: United States, Canada, and Mexico. • South & Central America: Argentina, Chile, Colombia and Brazil. • Middle East & Africa: Saudi Arabia, United Arab Emirates, Israel, Turkey, Egypt and South Africa. • Europe: United Kingdom, France, Italy, Germany, Spain, Belgium, Netherlands and Russia. • Asia-Pacific: India, China, Japan, South Korea, Indonesia, Malaysia, Singapore, and Australia. Presented By
AMA Research & Media LLP
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Online Fundraising Platforms Market to Observe Strong Growth to Generate Massive Revenue in Coming Years
Advance Market Analytics released a new market study on Global Online Fundraising Platforms Market Research report which presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study provides estimates for Global Online Fundraising Platforms Forecast till 2027*.
Online Fundraising Platforms are a way for non-profit organizations to raise money via the internet. Online fundraising involves an online donation page and can include mobile giving, peer-to-peer fundraising, and many more. Online Fundraising Platforms allow donors to give quickly, easily, and securely. The main aim of this organization is help to collect donations from across the country and around the world.
Key Players included in the Research Coverage of Online Fundraising Platforms Market are:
Donorbox (United States)
Gofundme (United States)
OneCause (United States)
Handbid (United States)
Fundly (United States)
Soapbox Engage (United States)
Mightycause (United States)
Ketto Online Ventures Pvt Ltd (India)
milaap.org (India)
Classy (United States)
Give Lively (United States)
ConnectionPoint Systems Inc (Canada)
Others
What's Trending in Market: An increase in recurring monthly donations last year is one of the fundraising trends that is continuing into late 2018 and 2019. The main aim of Monthly donors is also more likely to give larger amounts over time because monthly payments make it more manageable compared to large one-time gifts. So this is quite extreme which drives the market of Online Fundraising Platforms in today's generation as well as the forecast period.
Challenges: Due to the relatively new and growing market, not many systems have yet been designed to prevent or compensate for such fraud is another factor hampering the market growth
Opportunities: Rising demand for the internet penetration is creating another for the transparent transactions as well as more customer engagement
Market Growth Drivers: Due to its relatively short existence, peer-to-peer funding is surrounded by less strict legislation and regulations. This results in a means of financing with a relatively low entry threshold and a flexible character. Hence these are the few factors that is driving the market growth over the coming year
The Global Online Fundraising Platforms Market segments and Market Data Break Down by Application (Medical, Education, Cancer, Others), Subscription (Premium, Pro, Others), Organization Size (Small and Medium, Large), Method (Direct Mail, Events, Online Donations, Door-to-Door Solicitation, Phone Solicitations, Others) To comprehend Global Online Fundraising Platforms market dynamics in the world mainly, the worldwide Online Fundraising Platforms market is analyzed across major global regions. AMA also provides customized specific regional and country-level reports for the following areas. • North America: United States, Canada, and Mexico. • South & Central America: Argentina, Chile, Colombia and Brazil. • Middle East & Africa: Saudi Arabia, United Arab Emirates, Israel, Turkey, Egypt and South Africa. • Europe: United Kingdom, France, Italy, Germany, Spain, Belgium, Netherlands and Russia. • Asia-Pacific: India, China, Japan, South Korea, Indonesia, Malaysia, Singapore, and Australia. Presented By
AMA Research & Media LLP
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Digital Remittance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027: Ken Research
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Australia Remittance Market is in the growing stage, owing to the rising digital platforms, increased internet and smartphone penetration and government’s initiatives. The Remittance Market in Australia is moderately consolidated with key players such as Wise, Commonwealth Bank of Australia, OFX etc.
Key Market Findings:
Australia Remittance Market was valued at USD ~ in 2021 and is projected to grow to USD ~ by 2027F, registering a CAGR of ~% in terms of revenue during the forecast period (2022P-2027F).
In terms of volume of transactions, the inbound remittance is expected to register a CAGR close to ~% in 2027F.
In the Digital Remittances segment, the number of users is expected to amount to ~ users by 2027F.
Rising Mobile and Internet Penetration: The advent of innovative electronic payment systems that leverage on technology, which can be used through internet and mobile, has led to electronic payment systems rising in the remittance space. Increased mobile and internet penetration in the country has resulted in significant shift towards use of mobile/internet-based payment systems for fund transfers. Introduction of lightweight acceptance infrastructure has further facilitated the use of mobile based payments across the country. This has led to a larger population having access to convenient payment systems at their disposal, leading to the growth of the Industry.
Adoption of Digital Technologies: The government has ambitious plans to rely on digital technologies to improve its operations, procedures, and decision-making, as well as its capacity to communicate information with people. Improvements in governance mechanisms, enabling a digital workforce, strengthening agile development and analytical platforms, and implementing strong cyber security controls are all given particular attention. These efforts will increase employment in the digital sector, which will in turn encourage the inflow of workers into the nation resulting in the overall rise in the Remittance Industry in the country.
Rising Digital Platforms for Fund Transfer: Legacy providers in the Australia Remittance Market are banks, post offices and specialized money transfer services such as Western Union and MoneyGram. These services charge comparatively high fees, and the digital companies such as Wise, WorldRemit and InstraRem have won their share of the market by offering reduced transfer fees. This is possible due to optimizing the use of digital infrastructures to bypass much of the costs. This has led to the increase in digital payments and will lead to the increase in use of digital platforms for fund transfers, contributing to the growth of the Remittance Industry in Australia.
Analysts at Ken Research in their latest publication “Australia Remittance Market Outlook to 2027F - By International Remittance Flow Corridor (Inbound and Outbound Countries and Point of Contact), By Domestic Remittance Flow Corridor (Urban to Rural, Urban to Urban, Rural to Rural and Rural to Urban) and By Channels Used (Banking Channel, MTOs, M-Wallets and Others)” observed that Australia Remittance Market is expected to showcase considerable growth in the coming five years. In the upcoming years, it is predicted to expand more rapidly due to rising digital platforms, government’s initiatives and increased internet and smartphone penetration. The Remittance Market in Australia is expected to grow at ~% CAGR over the forecasted period 2022P-2027F.
Key Segments Covered in the report
By International Remittance Flow Corridor
By Inbound Countries (By Value of Transactions)
India
US
Saudi Arabia
France
China
Russia
By Outbound Countries (By Value of Transactions)
India
Pakistan
Mexico
China
Egypt
Philippines
By Point of Contact (By Volume)
Branch Pick-up
Mobile Payment & Online Transactions
Prepaid Cards
Request for Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MjM2
By Domestic Remittance Flow Corridor (Value of Transactions)
Urban to Rural
Urban to Urban
Rural to Rural
Rural to Urban
By Channels Used (Value of Transactions)
Banking Channel
MTOs
M-Wallets
Others
Key Target Audience
Banks
Money Transfer Operators
Digital Payment Companies
M-Wallet Companies
Bills Payments Companies
Investors & Venture Capital Firms
Government Bodies
Mobile Money Companies
Time Period Captured in the Report:
Historical Period: 2017-2022P
Base Period: 2022P
Forecast Period: 2022P-2027F
Companies Covered:
Wise
Commonwealth Bank of Australia (CBA)
OFX
TorFX
InstaRem
WorldRemit
Xe Money Transfer
Key Topics Covered in the Report
Australia Remittance Market Overview
Australia Remittance Market Segmentation
Australia Domestic Remittance Market Overview
Australia International Remittance Market Overview
Ecosystem of Australia Remittance Market
Market Share of Major Players in Australia Remittance Market
Industry Analysis of Australia Remittance Market
Value Chain of Clinical Laboratory Market in Thailand
Key Growth Drivers in Australia Remittance Market
End User Analysis of Australia Remittance Market
Key Challenges of Australia Remittance Market
SWOT Analysis of Australia Remittance Industry
Future Outlook of Australia Remittance Market
Trends and Development of Australia Clinical Lab Market
For more information on the research reports, refer to below link:
Australia Remittance Market Outlook to 2027F: Ken Research
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International E-commerce Market is set for a Potential Growth Worldwide: Excellent Technology Trends with Business Analysis
Advance Market Analytics released a new market study on Global International E-commerce Market Research report which presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study provides estimates for Global International E-commerce Forecast till 2027*.
The global e-commerce industry is rapidly gaining traction across the world owing to the rising adoption of online sales channels & rising internet penetration across the Southeast Asia region. According to the study, there are more than 400 million internet users in the Southeast Asia region which accounts for around 10% of the world’s total internet users. The growing number of internet users is rapidly increasing across the Southeast Asia region has grown up by 10% in the last one year with internet penetration across the region reaching above 60% in 2019. Most of the growth of internet users is attributed to Indonesia which has the largest population in the Southeast Asia region wherein (Indonesia) the number of internet users has witness growth of 20% over the past two years, equating to an estimate of 29 million new users. International e-commerce has introduced new dynamics to international trade and has been a major development trend of globalization. It is expected that the major three fastest-growing countries globally which include India, Indonesia, and Malaysia during the forecast period, all come from Asia which is the fastest-growing e-commerce region in the world.
Key Players included in the Research Coverage of International E-commerce Market are Shopee (Singapore),Lazada Group (Singapore),Bukalapak (Indonesia),Tokopedia (Indonesia),Sendo (Vietnam),Tiki Corporation (Vietnam),The Gioi Di Dong (Vietnam),Blibli.com (Indonesia),Dien May XANH (Vietnam),FPT Shop (Vietnam) What's Trending in Market: Technology advancement in including cloud computing, big data, the Internet of things, artificial intelligence, machine learning, and blockchain has been adopted by e-commerce platforms
Challenges: Lack of Supply Chain in Underdeveloping Regions
Opportunities: The Slowdown in Offline Retail Shopping Techniques
The Emergence of Smart Mobile, Along with High International Penetration
Growth in Adoption of Online Sales Channel and Online Payments Owing to COVID-19 Pandemic
Market Growth Drivers: Evolving nature of e-commerce and cross-border e-commerce
The increasing sophistication of e-commerce
The Global International E-commerce Market segments and Market Data Break Down by Application (Business to Business (B2B), Business to Consumer (B2C), Consumer to Consumer (C2C), Business to Government (B2G)), End Users (Business, Government, Individual), Product (Fashion, Electronics, Print, Publishing and Media, Beauty and Cosmetics, Toys, Home and Furniture, Food, Sporting Goods, Automotive Parts, DIY Tools and Gardening, Others) To comprehend Global International E-commerce market dynamics in the world mainly, the worldwide International E-commerce market is analyzed across major global regions. AMA also provides customized specific regional and country-level reports for the following areas. • North America: United States, Canada, and Mexico. • South & Central America: Argentina, Chile, Colombia and Brazil. • Middle East & Africa: Saudi Arabia, United Arab Emirates, Israel, Turkey, Egypt and South Africa. • Europe: United Kingdom, France, Italy, Germany, Spain, Belgium, Netherlands and Russia. • Asia-Pacific: India, China, Japan, South Korea, Indonesia, Malaysia, Singapore, and Australia. Presented By
AMA Research & Media LLP
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Contactless Payment Market Size, Share, Trends, Growth and Competitive Analysis
"Contactless Payment Market – Industry Trends and Forecast to 2028
Global Contactless Payment Market, By Technology (Radio Frequency Identification, Near Field Communication, Host Card Emulation), Payment Mode (Smartphones, Smartcards, Others), Component (Hardware, Services, Solutions), Operational Frequency (Low Frequency, High Frequency, Ultra High Frequency), Transaction Models (Speedpass, E-Z Pass, Track 1 and Track 2 Data, EMV Card, Offline Stored Value Card), Vertical (Banking, Financial Services and Insurance (BFSI), Retail, Healthcare, Hospitality, Energy and Utilities, Transportation and Logistics, Other Verticals), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
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The global contactless payment market is experiencing significant growth due to the increasing adoption of contactless payment methods across various industry verticals. The convenience, speed, and security offered by contactless payments have propelled the market forward in recent years. The market is set to witness substantial growth in the forecast period, driven by the rising demand for cashless transactions, the proliferation of mobile payment solutions, and the growing preference for contactless payments among consumers.
**Segments**
- **By Technology**: NFC (Near Field Communication), RFID (Radio-Frequency Identification), QR Code, HCE (Host Card Emulation) - **By Payment Mode**: Smartphones, Cards, Wearables - **By End-User**: Retail, Healthcare, Hospitality, Transportation, BFSI, Others
The contactless payment market is segmented by technology, payment mode, and end-user. The technology segment includes NFC, RFID, QR Code, and HCE technologies. Near Field Communication (NFC) is among the most widely adopted technologies in contactless payments due to its ease of use and reliability. The payment mode segment consists of smartphones, cards, and wearables, with smartphones being the preferred choice for many consumers. The end-user segment covers various industries such as retail, healthcare, hospitality, transportation, BFSI, and others, showcasing the diverse applications of contactless payments across different sectors.
**Market Players**
- Apple Inc. - Google - Samsung Electronics Co., Ltd. - Visa Inc. - Mastercard - PayPal Holdings, Inc. - American Express Company - Tencent Holdings Limited - Alipay.com - Square, Inc.
Key market players in the global contactless payment market include technology giants like Apple Inc., Google, and Samsung Electronics, as well as financial service providers such as Visa, Mastercard, PayPal, and American Express. Moreover, companies like Tencent Holdings, Alipay, and Square are also significant players in the market, contributing to its growth and innovation. These players are actively involved inThe global contactless payment market is witnessing a robust growth trajectory propelled by the increasing adoption of these payment methods across various industry verticals. The convenience, speed, and enhanced security features associated with contactless payments have significantly boosted their popularity among consumers and businesses alike. Looking ahead, the market is poised for substantial expansion in the forecast period, primarily driven by the escalating demand for cashless transactions, the widespread availability of mobile payment solutions, and the growing consumer preference for the speed and ease of contactless payments.
In terms of technological segmentation, the market for contactless payments encompasses various technologies, with NFC (Near Field Communication), RFID (Radio-Frequency Identification), QR Code, and HCE (Host Card Emulation) being the standout options. Among these, NFC technology stands out as one of the most widely adopted technologies in the contactless payment landscape due to its seamless user experience and robust reliability. Additionally, the payment mode segment features smartphones, cards, and wearables as the primary methods of conducting contactless transactions. Smartphones have emerged as the preferred choice for many consumers, given their ubiquity and convenience in enabling contactless payments.
Furthermore, the end-user segment of the contactless payment market spans across multiple industries, including retail, healthcare, hospitality, transportation, BFSI (Banking, Financial Services, and Insurance), and others. This diversified end-user base underscores the versatility and widespread applicability of contactless payments across various sectors, demonstrating the adaptability of this payment technology to meet the distinct needs of different industries.
Key market players driving innovation and growth in the global contactless payment market include industry leaders such as Apple Inc., Google, Samsung Electronics Co., Ltd., Visa Inc., Mastercard, PayPal Holdings, Inc., American Express Company, Tencent Holdings Limited, Alipay.com, and Square, Inc. These companies are at the forefront of developing cutting-edge technologies and solutions that are reshaping the landscape of contactless payments. By investing in research and development initiatives, forging strategic partnerships, and**Global Contactless Payment Market Analysis:**
- The global contactless payment market is poised for significant growth, driven by the increasing adoption of cashless transactions and the convenience offered by contactless payment methods. - NFC technology is a key driver of growth in the contactless payment market due to its ease of use and reliability, leading to its widespread adoption. - Smartphones are the preferred payment mode for many consumers, contributing to the growth of the contactless payment market. - Contactless payments find applications across various industries such as retail, healthcare, hospitality, transportation, BFSI, and others, showcasing their versatility and adaptability. - Key market players such as Apple Inc., Google, Samsung Electronics, Visa, Mastercard, PayPal, and others are driving innovation in the contactless payment market through research and development initiatives and strategic partnerships.
The global contactless payment market is witnessing robust growth, fueled by the increasing demand for secure and convenient payment solutions across various sectors. NFC technology stands out as a primary driver of this growth, offering seamless transaction experiences and enhanced security features. Smartphones have emerged as a popular choice for conducting contactless payments, driving the adoption of cashless transactions globally. The diverse applications of contactless payments across industries highlight the versatility of this payment method, with retail, healthcare, hospitality, and BFSI sectors embracing the technology. Leading market players are at the forefront of shaping the contactless payment landscape, investing in cutting-edge technologies and innovative solutions to meet the evolving needs of consumers and
Countries Studied:
North America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Key Coverage in the Contactless Payment Market Report:
Detailed analysis of Contactless Payment Market by a thorough assessment of the technology, product type, application, and other key segments of the report
Qualitative and quantitative analysis of the market along with CAGR calculation for the forecast period
Investigative study of the market dynamics including drivers, opportunities, restraints, and limitations that can influence the market growth
Comprehensive analysis of the regions of the Contactless Payment industry and their futuristic growth outlook
Competitive landscape benchmarking with key coverage of company profiles, product portfolio, and business expansion strategies
TABLE OF CONTENTS
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers and Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
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Smart Ticketing Market: Revolutionizing Public Transport
Introduction to Smart Ticketing Market
The Smart Ticketing Market is rapidly evolving as a key component of the digital transformation in the transportation sector. Leveraging technologies like NFC, RFID, and mobile applications, smart ticketing systems offer a seamless, efficient, and contactless solution for fare collection and access management across public transport, entertainment, and events. This market is driven by the growing demand for cashless transactions, enhanced user experience, and the need to reduce operational costs. Key players are focusing on integrating AI and IoT to offer more personalized and secure services, catering to the increasing expectations for convenience and real-time data access. The market's growth is further propelled by the rise of smart city initiatives and the emphasis on sustainability.
Market overview
The Smart Ticketing Market is Valued USD 19.9 billion in 2024 and projected to reach USD 47.3 billion by 2032, growing at a CAGR of 9.78% During the Forecast period of 2024-2032.. The Smart Ticketing Market is experiencing significant growth, driven by the increasing adoption of digital and contactless solutions in transportation, entertainment, and event management. Smart ticketing systems use advanced technologies such as Near Field Communication (NFC), Radio Frequency Identification (RFID), QR codes, and mobile apps to streamline the process of ticket purchasing, validation, and access control, providing a seamless and convenient experience for users.
Access Full Report : https://www.marketdigits.com/checkout/59?lic=s
Major Classifications are as follows:
By Type
Hardware
Software
Services
Implementation
Support and Maintenance
Consulting
By Application
Parking
Transportation
Railways
Airways
Roadways
Sports and Entertainment
Key Region/Countries are Classified as Follows:
◘ North America (United States, Canada,) ◘ Latin America (Brazil, Mexico, Argentina,) ◘ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) ◘ Europe (UK,Germany,France,Italy,Spain,Russia,) ◘ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South
Major players in Smart Ticketing Market:
Cammax (England), ACT (England), Cubic (US), Hitachi Rail (Italy), Giesecke+Devrient (Germany), Flowbird Group (France), Atsuke (France), IDEMIA (France), Corethree (England), HID Global (US), Masabi (England), Confidex (Finland), PayiQ (Finland), Infineon Technologies (Germany), LIT Transit (Slovenia), Conduent (US), NXP Semiconductors (Netherland), Indra (Spain), INIT (Germany), SecuTix (Switzerland), Scheidt & Bachmann (Germany), Siemens (Germany), Ticketer (England), Thales (France), Xerox (US) & others.
Market Drivers in the Smart Ticketing Market:
Rising Demand for Contactless and Cashless Solutions: The increasing preference for contactless payments and digital transactions, accelerated by the COVID-19 pandemic, has significantly boosted the adoption of smart ticketing systems. Users value the convenience, speed, and safety of cashless solutions, which have become essential in modern public and private transit systems.
Growing Urbanization and Smart City Initiatives: With rapid urbanization and the rise of smart cities, there is a heightened focus on improving urban mobility. Governments and city planners are investing in smart ticketing systems as part of broader efforts to enhance public transportation networks, reduce congestion, and provide efficient, interconnected transit solutions.
Technological Advancements: Innovations in NFC, RFID, QR codes, and mobile applications are making smart ticketing solutions more accessible and efficient. The integration of AI and IoT technologies allows for real-time updates, personalized services, and predictive analytics, which enhance the overall user experience and operational efficiency. Market Challenges in the Smart Ticketing Market:
High Initial Implementation Costs: Deploying smart ticketing systems requires significant upfront investment in technology, infrastructure, and integration with existing systems. This can be a major barrier for smaller operators and public transport authorities, particularly in developing regions where budget constraints are a concern.
Interoperability Issues: One of the key challenges in the smart ticketing market is achieving interoperability across different transport modes, operators, and geographic regions. Lack of standardized protocols and systems can lead to fragmented user experiences and limit the scalability of smart ticketing solutions.
Data Privacy and Security Concerns: Smart ticketing systems collect and store vast amounts of personal and financial data, making them attractive targets for cyberattacks. Ensuring robust security measures to protect user data and maintain compliance with data protection regulations is a critical challenge for service providers.Market Opportunities in the Smart Ticketing Market:
Expansion in Emerging Markets: There is significant growth potential in emerging economies, where urbanization is rapidly increasing and investments in public transport infrastructure are rising. Governments and private players can tap into these markets by offering affordable and scalable smart ticketing solutions that cater to the needs of expanding urban populations.
Integration with Smart City Initiatives: As cities worldwide move towards becoming 'smart cities,' there is a growing opportunity to integrate smart ticketing systems into broader urban mobility solutions. This includes linking ticketing with other smart city services such as parking, bike-sharing, and electric vehicle charging stations, providing a unified and seamless user experience.
Adoption of Blockchain for Enhanced Security: Utilizing blockchain technology can address security concerns by providing a tamper-proof system for transactions and data management. This not only enhances trust among users but also offers new opportunities for innovation in secure, transparent, and efficient ticketing solutions.Future Trends in the Smart Ticketing Market:
AI and Machine Learning Integration: Artificial Intelligence (AI) and Machine Learning (ML) are set to revolutionize smart ticketing by enabling predictive analytics, personalized offers, and dynamic pricing models. These technologies can analyze user behavior and preferences to offer tailored travel suggestions, optimize routes, and improve overall customer satisfaction.
Increased Use of Biometric Ticketing: Biometric authentication methods, such as facial recognition, fingerprint scanning, and voice recognition, are gaining traction as secure and efficient alternatives to traditional ticketing. This trend is expected to enhance the speed and convenience of ticket validation, particularly in high-traffic environments like airports and major transit hubs.
Expansion of Mobile and Digital Wallets: The shift towards mobile-based ticketing solutions and digital wallets is expected to continue, driven by the widespread adoption of smartphones and mobile payment technologies. This trend supports the growth of cashless and contactless transactions, offering greater convenience and accessibility for users.
Conclusion:
The Smart Ticketing Market is poised for substantial growth, driven by the increasing demand for contactless, efficient, and user-friendly solutions across various sectors, including public transportation, entertainment, and tourism. While the market presents several challenges, such as high implementation costs, interoperability issues, and data security concerns, the opportunities far outweigh the hurdles. Emerging trends like AI integration, biometric authentication, and the rise of mobile ticketing are set to redefine the future landscape of smart ticketing, enhancing both operational efficiency and customer experience. As cities evolve into smart ecosystems, the integration of smart ticketing with broader urban mobility solutions will play a crucial role in shaping the future of public transport and beyond. Stakeholders who capitalize on these trends and address the existing challenges will be well-positioned to lead in this dynamic and rapidly evolving market.
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Basic steps to start an eCommerce business (Part Two) - YourRetailCoach Dubai
In an earlier communication, YourRetailCoach shared insights on starting an eCommerce business in the MENA region. This communiqué addresses further nuances.
Empowering Retail & E-commerce businesses worldwide.”
— Nikhil Agarwal
PUNE, MAHARASHTRA, INDIA, July 18, 2024 /EINPresswire.com/ -- In an earlier communication, retail & eCommerce consultants - YourRetailCoach (YRC) shared insights on some of the basic steps in starting an eCommerce business with an emphasis on the MENA region comprising countries like the UAE, Saudi Arabia, Egypt, and Qatar. In this communiqué, the nuances of a few other steps on the subject are addressed.
Get advise for E-commerce retail business : http://www.yourretailcoach.ae/contact-us/
𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐚𝐧𝐝 𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐀𝐬𝐬𝐞𝐬𝐬𝐦𝐞𝐧𝐭𝐬
Financial and commercial assessments are a critical component of business planning. This applies to eCommerce businesses as well. These assessments serve as a guide map for routine decision-making and aid in sticking to the budgets. On the bigger picture, they help keep the financial health and performance of organisations in good shape. Without any yardstick or roadmap, operational outlays can go unchecked leading to hampering profitability and working capital. Also, the creation of funds and reserves (including investments) can take an unduly longer time if the periodical availability of cash/bank balance always remains uncertain or inconsistent.
Working capital management holds high relevance for eCommerce brands and businesses. For example, cash on delivery is a common standard in eCommerce. This creates a time lag between receiving payments and making payments to suppliers. This time gap must be duly considered on the negotiation tables with suppliers.
Some of the important areas of financial and commercial assessments in eCommerce business planning are listed below:
· Capital and operating expenditures, · Demand forecasting · Procurement planning and scheduling · Sales and revenue forecasting · Cash flow · Working capital · Pricing and margin analysis · Estimated P/L statements and balance sheet · ROI and break-even analysis, · Important financial ratios
𝐅𝐮𝐧𝐜𝐭𝐢𝐨𝐧𝐚𝐥 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬 𝐚𝐧𝐝 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐏𝐥𝐚𝐧𝐧𝐢𝐧𝐠
Functional strategies define how different functions of a business enterprise shall run. This covers formulating strategies for finance, IT, operations, HR, administration, supply chain, logistics, etc. It is important that each of these functions is aligned with the overall and specific business objectives in addition to their unique individual requirements. For example, if early delivery (better than competitors) is a marketing prerequisite then logistics strategy must support it.
As experienced online business consultants, YRC maintains that the use of Standard Operating Procedures ( https://www.yourretailcoach.ae/services/sop-development/ ) is critical to achieving operational excellence in an eCommerce business. ECommerce is known for its speed and accuracy. The quality of operations planning affects the ability of eCommerce businesses to fulfil their promises and meet the higher expectations of customers. Startups must start working on their operations planning from the early legs of business planning. This helps bring perfection to business processes. In this pursuit, process orientation and the use of SOPs for eCommerce play a decisive role.
𝐒𝐎𝐏-𝐈𝐓 𝐈𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐢𝐨𝐧
In choosing IT solutions for eCommerce business operations, technology and operations planning must go hand in hand. Technology is of no use if it cannot support the operational requirements of an enterprise. For example, if customer feedback is required, the eCommerce platform must have the capability to send automated emails or updates to the registered email addresses and mobile numbers of customers. The platform should also be able to send such communications in a timely manner. This could be a part of CRM, quality control, or any other department or business process. The important part is that such strategies or policies must be translated into processes and procedures. It is only then that an IT solution (say CRM software) could be designed or improvised to achieve the desired process outcomes. This effort is SOP-IT integration.
𝐄𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐞 𝐂𝐗 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲 𝐚𝐧𝐝 𝐄𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐞 𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥𝐢𝐳𝐚𝐭𝐢𝐨𝐧
Customer experience has emerged as a competitive front in all kinds of B2C businesses including eCommerce. Providing a smooth, seamless, effective, and consistent customer and user journey is the essence of superior customer experience. In developing CX strategies, the customer journey is mapped from start to end running in cycles comprising numerous online and offline touchpoints. These touchpoints are the places where customers have interactions with brands. The quality of this encounter defines the quality of experience perceived or received by customers. Any major irregularity in one or more of these touchpoints can have a halo effect on the overall customer journey leading to a poor experience. When this journey is pleasant, the chances of customers repeating it are higher. In cities like Dubai, Riyadh, Cairo, Abu Dhabi, Muscat, Kuwait City, or Doha, the element of customer experience could play make or break for eCommerce startups and existing brands.
Personalisation in eCommerce is the tailoring of offerings, experience, journey, and experience for individual customers or customer segments. It allows eCommerce brands and businesses to create brand resonance in a personalised way. If the assessments are correct, personalisation helps bring a brand closer to its customers. Customers may know that it is a technology-based adjustment but it ends up improving their shopping experience with brands. To compete effectively in the markets of the Middle East or MENA region, personalisation strategies should find prominence in eCommerce business model development.
𝐀𝐛𝐨𝐮𝐭 𝐘𝐨𝐮𝐫𝐑𝐞𝐭𝐚𝐢𝐥𝐂𝐨𝐚𝐜𝐡:
Your Retail Coach (YRC) is a boutique retail and eCommerce consulting firm with 10+ years in the business of delivering enterprise startup and management solutions. With a scaling global footprint and a success ratio of 95%, YRC has served over 500 clients in more than 25 verticals. In eCommerce business consulting, YRC offers planning and implementation services and solutions for enterprise setup and growth and expansion projects.
Get advise for E-commerce retail business : http://www.yourretailcoach.ae/contact-us/
Basic steps to start an eCommerce business (Part One) - https://www.einpresswire.com/article/727134718/basic-steps-to-start-an-ecommerce-business-part-one-yourretailcoach-dubai
Dr Rupal K Shah Mind-A-Mend Consultancy Private Limited +91 98604 26700 [email protected] Visit us on social media: Facebook X LinkedIn YouTube
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Retail POS Software Market to Develop New Growth Story | ShopKeep, Lightspeed, Crimson Solutions, Verifone
The latest study released on the Global Retail POS Software Market by AMA Research evaluates market size, trend, and forecast to 2027. The Retail POS Software market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Key Players in This Report Include: Vend Limited (New Zealand), Epos Now (United Kingdom), ShopKeep (United States), TRUNO (United States), Lightspeed (Canada), Revel Systems (United States), Crimson Solutions, LLC (POS Nation) (United States), Square, Inc. (United States) , Verifone (United States), NCR Corporation (United States), Heartland Payment Systems (United States), Cegid (France), AccuPOS (United States) Download Sample Report PDF (Including Full TOC, Table & Figures) @ https://www.advancemarketanalytics.com/sample-report/75404-global-retail-pos-software-market#utm_source=OpenPRVinay
Definition: Retail POS software helps retailers in providing a user-friendly interface to offer a better retail experience. The software allows the retailer to manage the daily business operation with the utmost efficiency and effectiveness. It also provides accurate insight and analytics avoiding the paperwork and hence reducing human errors. It can be operated on mobile and desktop both with equal ease along with delivering the transaction updates and customer feedbacks and other notifications.
Market Drivers: • Demand for the Automation in the Retail Operations • Need for Efficient and Effective Transactions
Market Trend: • Increasing Use of Retail POS Software in the Mobile • Technological Advancement in the Retail POS Software
Market Opportunities: • Rising Retail Industry will Boost the Retail POS Software • Changing Customer Need and Requirements in the Retail Experience
The Global Retail POS Software Market segments and Market Data Break Down are illuminated below: by Application (Supermarkets/Hypermarkets, Retail Stores, Specialty Stores, Other), Platform (Windows, Linux, Mac OS, Android, IOS), Industry Verticals (Restaurants, Hospitality, Healthcare, Others), Device (PC, Laptops, Mobile, Tablets), Deployment (On-premise, Cloud-based)
Global Retail POS Software market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to help the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions: • The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.) • North America (United States, Mexico & Canada) • South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.) • Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.) • Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report • -To carefully analyze and forecast the size of the Retail POS Software market by value and volume. • -To estimate the market shares of major segments of the Retail POS Software • -To showcase the development of the Retail POS Software market in different parts of the world. • -To analyze and study micro-markets in terms of their contributions to the Retail POS Software market, their prospects, and individual growth trends. • -To offer precise and useful details about factors affecting the growth of the Retail POS Software • -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Retail POS Software market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
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Major highlights from Table of Contents: Retail POS Software Market Study Coverage: • It includes major manufacturers, emerging player's growth story, and major business segments of Retail POS Software market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology. • Retail POS Software Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators. • Retail POS Software Market Production by Region Retail POS Software Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors. • Key Points Covered in Retail POS Software Market Report: • Retail POS Software Overview, Definition and Classification Market drivers and barriers • Retail POS Software Market Competition by Manufacturers • Impact Analysis of COVID-19 on Retail POS Software Market • Retail POS Software Capacity, Production, Revenue (Value) by Region (2021-2027) • Retail POS Software Supply (Production), Consumption, Export, Import by Region (2021-2027) • Retail POS Software Production, Revenue (Value), Price Trend by Type {Payment Gateway, Merchant Account, Subscription Management,} • Retail POS Software Manufacturers Profiles/Analysis Retail POS Software Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing • Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
Browse Complete Summary and Table of Content @ https://www.advancemarketanalytics.com/reports/75404-global-retail-pos-software-market#utm_source=OpenPRVinay
Key questions answered • How feasible is Retail POS Software market for long-term investment? • What are influencing factors driving the demand for Retail POS Software near future? • What is the impact analysis of various factors in the Global Retail POS Software market growth? • What are the recent trends in the regional market and how successful they are?
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.
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